If you have ever heard about bitcoin then getting familiar with Bitcoin Cash BCH is not going to be too hard of a task. Bitcoin Cash is one of the quickest growing cryptocurrencies on the blockchain and it hasn\t even been around for a year yet. You will find all of the necessary information explaining what is Bitcoin Cash, alongside the exchanges where to buy BCH.
Bitcoin Cash BCH Digital Currency Explained
Mr. Nakamoto created the first blockchain currency back in 2009 and called it Bitcoin (BTC). Being forefather to all of the digital currencies currently powered by the blockchain technology has helped BTC to gain a lot in value. However, even more, intriguing is the forked currency that challenges original in practicality, Bitcoin Cash (BCH). BCH got forked off the Bitcoin network in August and if you were keeping your eye out on the community forums, then you already know how everyone thought this action will mark the beginning of the downfall of decentralized ledgers. Needless to say, blockchain is still operating just as intended. The main difference between BTC and BCH is the block size, latter had it increased to 8 MB allowing up to 8 times more transactions get processed in one block. This decision was made to help to turn BCH into transactional currency which is the opposite of an investment-vision on the BTC. Bitcoin Cash has much lower transaction fees and quicker block generation times which make it superior to BTC as a merchant currency.
Bitcoin Cash BCH Specs
Bitcoin Cash BCH hash-cryptography runs on SHA-256 BCH blockchain uses Proof-of-Work (POW) for a timestamping scheme. Currently, miners are rewarded with 12.5 BCH every block, reduced gradually. On average, it takes about 10 minutes for the generation of a new BCH block. Bitcoin Cash network will have a maximum Supply of 21,000,000 BCH.
Where To Buy Bitcoin Cash BCH Exchanges
Blockchain currencies are growing in popularity at such rates that the highest volume platforms are experiencing more traffic than some of the regular forex exchanges. Bitcoin Cash BCH currently holds around $26 billion U.S. Dollar market cap. You could purchase Bitcoin Cash from many different exchanges but some of the better choices include Coinbase, Binance, BitStamp, Bitfinex, CEX.io, Kraken, Huobi, and ShapeShift. Keep in mind that Binance & Huobi use ticker symbol BCC for Bitcoin Cash markets. You should never store your Bitcoin Cash on an exchange platform, the best choice is hardware wallets but if you cannot afford one yet then at least use a desktop wallet that gives you full control of your private keys.